Federal Judge Stays Appeal By Securities Plaintiff To Await 3rd Circuit Ruling

Mealey's (September 7, 2022, 11:09 AM EDT) -- TRENTON, N.J. — A New Jersey federal judge on Aug. 23 stayed an appeal by the lead plaintiff in a securities class action against Johnson & Johnson (J&J) and its officers of a bankruptcy court ruling that the automatic stay in the Chapter 11 bankruptcy of J&J spinoff LTL Management LLC applies to the securities case, saying a pending case in the Third Circuit U.S. Court of Appeals on the reach of a protective injunction in the bankruptcy case should be decided first....